I retired last year how do I file tax now?

[LindaA · Accepted solution]

Now that you're retired, you probably don't have W-2 wages or self-employment income. However, you may be collecting a pension, Social Security benefits, or distributions from a retirement plan, such as a 401(k). When you start your return in TurboTax, we'll ask questions about your income and determine which 1040 tax form you need to file.  

You might find the following links helpful:

IRS Tax Guide for Retirees 

TurboTax Tax Tips for Retirement

[Wryverist]

I tried TurboTax and found it impossible to use for retirement tax filling. I went to a CPA and have been for the last 4 years. Until TT advertises they have a tax solution for retirement situations I won’t bother with TT. I used it for years until I retired. It was a frustrating experience at best.

[PattiF]

Retiree situations are various and range from those with Social Security and interest, to people with pensions, IRAs, Social Security, dividends, interest, stock sales, and self-employment.

TurboTax can help with all tax scenarios. The common retirement income situations are found in the Personal Income section. 

Under the section Retirement Plans and Social Security are:

• Social Security (SSA-1099, RRB-1099)
• IRA, 401(k), Pension Plans (1099-R)
• Canadian Registered Pension Income

Each button can help to guide the retired person through the tax return.

[20MSotelo21]

It giving me message “The Retirement Income Area Will Be Ready Soon” since yesterday. 

[AnnetteB6]

Try updating your version of TurboTax if you are using the CD/downloaded version:

How do I update my TurboTax CD/Download software program?

@20MSotelo21